FMC Corp. (FMC) Quarterly revenue up by 12.2%

FMC Corp. (FMC) announced its quarterly results on Monday. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.04. During the same quarter in 2010, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis.

On a related note, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of FMC Corp. from $90.00 to $100.00 in a research note to investors on Monday, January 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of FMC Corp. in a research note to investors on Tuesday, December 28th.

FMC Corporation (FMC) is a chemical company serving agricultural, consumer and industrial markets with solutions, applications and products. It operates in three business segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals. Its Agricultural Products segment develops, markets and sells three classes of crop protection chemicals: insecticides, herbicides, and fungicides. Specialty Chemicals consists of BioPolymer and lithium businesses and focuses on food ingredients that are used to enhance texture, structure and physical stability, pharmaceutical additives for binding, encapsulation and disintegrant applications, ultrapure biopolymers for medical devices and lithium specialties for pharmaceutical synthesis, specialty polymers and energy storage. Its Industrial Chemicals segment manufactures a range of inorganic materials, including soda ash, hydrogen peroXide, specialty peroxygens and phosphorus chemicals.

Shares of FMC Corp. (FMC) traded up 1.08% during mid-day trading on Monday, hitting $81.08. FMC Corp. has a 52 week low of $52.44 and a 52 week high of $82.03. The stock’s 50-day moving average is $78.22 and its 200-day moving average is $71.81. The company has a market cap of $5.881 billion and a price-to-earnings ratio of 20.35.